Cavezzali, Elisa; Cass, John; Rigoni, Ugo - In: Revista Economica 40 (2008) 3, pp. 31-62
The paper collects and classifies the properties of more than 4600 analysts reports on Italian listed stocks in order to assess their impact on market reactions. The paper innovates the most common approach in the literature which resort mainly on information available on commercial database,...